Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1887-05-13
THE FINANCIAL WORLD.

The clearings of the Chicago hanks for
the past week were $4s, So, O9l-a gain of
nearly $6,OOo,0o0 over the same week last
year. The New York banks have surplus
reserve of 81, 139,925
James B. Riley, wholesale boot and shoe
dealer of Louisville, has suspended payment
of debts of $4,000.
John G. Fritz, druggist Of Cincinnati,
has failed for $4,000
Allen & Head, the leading mercantile firm
of Fairhank, Oak, have made an assignment.
James B Riley wholesale boot and shoe
dealer of Louisville, KY, has made an assign
ment Liabilities, $4,000.
The weekly bank statement of New York
shows q reserve increase Of $4,000. The
banks now hold 81, 1900 in excess of legal
requirements
The decrease in the public debt for April
is estimated at s12, 900, 600 to SIS, o,o00
Over two hundred men are employed in
mines at Golden City, Arkansas The ore
yields from fifteen to eighteen ounces of gold
and eight ounces of silver to the ton.
The will of Alexander Mitchell, the de-
ceased banker and railroad magnate, has not
been made public yet. 1t is known, however,
that requests from 5000 to $40, 0Co have been
made to the following institutions: Protest
ant Orphan Asylum; Catholic Orphan Asylum;
Milwaukee Hospital, known as Passavant
hospital; Young Mems Christian Association;
Episc opal Theological Seminary at Nashotah,
| Wisconsin. and Racine College. -
"A large meeting of citizens was held re-
Gently at Sioux Falls to consider the PROPOSE.
ton of the Manitoba railroad to build to tina,
point the present season, and asking bonus
| of $4,000 and right-of-way through tho
county. The proposition was unanimously
accepted and q guarantee signed by every tax
payer present 1t is proposed to have the City
Council levy sp cial tax tho present veal
sufficient to raise the amount, and an effort
| will be made to have the county at large vote
aid in the matter.
| A party of American prospectors are
said to have discovered the seven lost Mexican
bonanza mines These mines were worked
by the Spaniards during the middle of the
last century In 1756 Indians swept over the
northern part of Mexico and DESTROYED Chi.
huahua and all miners were driven out The
Indians held control of tue country and al
records were lost Recently Lieut. Ripper
formerly of the United States army, w. K
Glenn, Of Illinois, Capt Allen and J. McIn-
tyre, of Chicago, went out ON surveying OK.
petition, in the interest of the Sonora Lane
company, and in an old chapel found maps
and other data. Search was begun and Nc.
lntyres party located what is believed to be
the Layspa silver mine. 1t is in the midst Of
thousands of ruined buildings, among large
churches and forts Within q radius of fou,
miles are four hundred and twenty workings
old Spanish furnaces and tons of Stag A few
days later Bowers party located the Guyan.
opa in the heart of the Sierra Madre noun,
tains. Around it are the ruins of one hundred
and eighteen rastoras. Advices from Nogales
confirm the report, and state that the great
placer field has been located where the Jesults
of two hundred years ago found fortunes 70,
their church. Great excitement in the mining
centers prevails
g. NJ Thompson, grain dealer at three
points in California, has failed with debts Of
100000
Geo. A. Wrisly, Chicago soap manufac-
turer, has failed with $50, 600 liabilities.